Loblaw Companies Ltd (TSE:L) had its price target upped by Eight Capital from C$73.00 to C$75.00 in a research note released on Thursday morning.

Other analysts have also issued research reports about the company. BMO Capital Markets cut their price objective on Loblaw Companies from C$85.00 to C$82.00 and set an outperform rating for the company in a report on Thursday, July 27th. National Bank Financial cut their price objective on Loblaw Companies from C$81.00 to C$78.00 and set an outperform rating for the company in a report on Thursday, July 27th. Raymond James Financial, Inc. cut their price objective on Loblaw Companies from C$81.00 to C$80.00 and set an outperform rating for the company in a report on Thursday, July 27th. Scotiabank cut their price objective on Loblaw Companies from C$79.00 to C$76.00 and set a sector perform rating for the company in a report on Thursday, July 27th. Finally, TD Securities upped their price objective on Loblaw Companies from C$78.00 to C$81.00 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Loblaw Companies currently has an average rating of Buy and an average price target of C$80.60.

Loblaw Companies (TSE:L) opened at C$69.24 on Thursday. Loblaw Companies has a 52 week low of C$64.65 and a 52 week high of C$78.87.

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The business also recently announced a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 14th. Loblaw Companies’s dividend payout ratio is 25.06%.

About Loblaw Companies

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

Analyst Recommendations for Loblaw Companies (TSE:L)

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